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BCL of Texas & DECA
BCL of Texas - DECA Loan Fund
The DECA Loan Fund is focused on serving small business chamber members from communities with a history of underinvestment.
DECA Loan Fund
Business & Community Lender (BCL) of Texas, is a Texas based 501(c)3 nonprofit and certified by the U.S. Treasury as a Certified Development Financial Institution (CDFI). BCL of Texas supports Texans to acquire wealth-building assets and equips them with the financial tools and education necessary to build personal net worth. With an emphasis on diversity, equity, and inclusion, we serve communities of color, women, veterans, rural communities, and low and moderate income individuals, families, and small business owners of less than $1 million dollars.
Loan Features:
- Loans of $10,000 up to $50,000
- Eligible uses: Working capital for business related expenses, business growth and expansion, payroll, equipment, inventory, tenant improvements, business construction, business vehicles, real estate acquisition, debt refinance
- Business must be located within the Austin MSA
- Term 36 months to 60 months
